Pakistan leather area: export is losing business. Between July 2016 and February 2017 it lost 6.3%

The Pakistan Tanners Association (PTA) has announced that domestic exports of leather and finished products fell by (-6.36%) between July 2016 and February last year to $ 8.2 billion. These data testify to a further adverse finding of a downward trend that seems to have no end. The future looks even darker. PTA fears that the result at the end of fiscal year – the next June 30 – will be even worse. From this situation, therefore, the protectionist’s demand that the tanners make to the government of Islamabad, accused of “low attention” by cancelling the 4% tax on import skins, favouring the influx of the products originating from China, India, Bangladesh, Sri Lanka and Brazil.

PREMIUM CONTENT

Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now
×